vs
莱夫 Nation 娱乐（LIVE）与WINMARK CORP（WINA）财务数据对比。点击上方公司名可切换其他公司
莱夫 Nation 娱乐的季度营收约是WINMARK CORP的5.1倍（$108.5M vs $21.1M）。WINMARK CORP净利率更高（47.2% vs -0.1%，领先47.3%）。WINMARK CORP同比增速更快（7.9% vs -2.7%）。莱夫 Nation 娱乐自由现金流更多（$8.5M vs $8.5M）。过去两年WINMARK CORP的营收复合增速更高（2.4% vs -4.3%）
Live Nation Entertainment是一家美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并而成。目前两大品牌均作为子品牌运营，在全球范围内推广现场娱乐活动并提供票务销售服务，同时还自营多处娱乐场馆，并为音乐人提供艺人经纪服务。
温马克公司是美国的二手商品零售特许经营商，总部位于明尼苏达州明尼阿波利斯，旗下运营五大零售品牌，专注于二手商品的收售业务。公司1988年由罗恩·奥尔森与杰弗里·达尔伯格创立，最初名为Play It Again Sports特许经营公司，1993年更名为Grow Biz国际并于同年上市。
LIVE vs WINA — 直观对比
营收规模更大
LIVE
是对方的5.1倍
$21.1M
营收增速更快
WINA
高出10.5%
-2.7%
净利率更高
WINA
高出47.3%
-0.1%
自由现金流更多
LIVE
多$7.6K
$8.5M
两年增速更快
WINA
近两年复合增速
-4.3%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $108.5M | $21.1M |
| 净利润 | $-64.0K | $10.0M |
| 毛利率 | 32.6% | — |
| 营业利润率 | 3.2% | 61.7% |
| 净利率 | -0.1% | 47.2% |
| 营收同比 | -2.7% | 7.9% |
| 净利润同比 | -113.0% | 3.9% |
| 每股收益（稀释后） | $-0.02 | $2.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LIVEWINA
| Q4 25 | $108.5M | $21.1M | ||
| Q3 25 | $113.9M | $22.6M | ||
| Q2 25 | $112.5M | $20.4M | ||
| Q1 25 | $107.0M | $21.9M | ||
| Q4 24 | $111.5M | $19.5M | ||
| Q3 24 | $112.7M | $21.5M | ||
| Q2 24 | $123.9M | $20.1M | ||
| Q1 24 | $118.6M | $20.1M |
净利润LIVEWINA
| Q4 25 | $-64.0K | $10.0M | ||
| Q3 25 | $997.0K | $11.1M | ||
| Q2 25 | $5.4M | $10.6M | ||
| Q1 25 | $15.9M | $10.0M | ||
| Q4 24 | $492.0K | $9.6M | ||
| Q3 24 | $-19.9M | $11.1M | ||
| Q2 24 | $-2.9M | $10.4M | ||
| Q1 24 | $-3.3M | $8.8M |
毛利率LIVEWINA
| Q4 25 | 32.6% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 34.0% | — | ||
| Q1 25 | 32.8% | — | ||
| Q4 24 | 31.7% | — | ||
| Q3 24 | 31.9% | — | ||
| Q2 24 | 29.9% | — | ||
| Q1 24 | 29.9% | — |
营业利润率LIVEWINA
| Q4 25 | 3.2% | 61.7% | ||
| Q3 25 | 3.3% | 65.9% | ||
| Q2 25 | 7.1% | 64.0% | ||
| Q1 25 | 2.0% | 62.0% | ||
| Q4 24 | 0.7% | 65.3% | ||
| Q3 24 | -15.5% | 69.4% | ||
| Q2 24 | 0.9% | 64.7% | ||
| Q1 24 | -0.7% | 60.8% |
净利率LIVEWINA
| Q4 25 | -0.1% | 47.2% | ||
| Q3 25 | 0.9% | 49.2% | ||
| Q2 25 | 4.8% | 51.9% | ||
| Q1 25 | 14.8% | 45.4% | ||
| Q4 24 | 0.4% | 49.0% | ||
| Q3 24 | -17.6% | 51.7% | ||
| Q2 24 | -2.3% | 51.8% | ||
| Q1 24 | -2.8% | 43.9% |
每股收益（稀释后）LIVEWINA
| Q4 25 | $-0.02 | $2.68 | ||
| Q3 25 | $-1.52 | $3.02 | ||
| Q2 25 | $1.24 | $2.89 | ||
| Q1 25 | $5.05 | $2.71 | ||
| Q4 24 | $0.16 | $2.60 | ||
| Q3 24 | $-6.31 | $3.03 | ||
| Q2 24 | $-0.91 | $2.85 | ||
| Q1 24 | $-1.04 | $2.41 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $95.3M | $-53.7M |
| 总资产 | $389.2M | $24.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LIVEWINA
| Q4 25 | — | $10.3M | ||
| Q3 25 | — | $39.7M | ||
| Q2 25 | — | $28.8M | ||
| Q1 25 | — | $21.8M | ||
| Q4 24 | — | $12.2M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | — | $29.4M | ||
| Q1 24 | — | $22.9M |
股东权益LIVEWINA
| Q4 25 | $95.3M | $-53.7M | ||
| Q3 25 | $95.3M | $-26.3M | ||
| Q2 25 | $94.3M | $-36.8M | ||
| Q1 25 | $88.9M | $-45.9M | ||
| Q4 24 | $73.3M | $-51.0M | ||
| Q3 24 | $72.9M | $-33.7M | ||
| Q2 24 | $92.7M | $-42.2M | ||
| Q1 24 | $95.9M | $-52.6M |
总资产LIVEWINA
| Q4 25 | $389.2M | $24.9M | ||
| Q3 25 | $386.4M | $53.7M | ||
| Q2 25 | $387.5M | $43.2M | ||
| Q1 25 | $393.6M | $37.1M | ||
| Q4 24 | $395.5M | $26.8M | ||
| Q3 24 | $407.5M | $52.0M | ||
| Q2 24 | $436.8M | $44.7M | ||
| Q1 24 | $433.9M | $38.3M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $9.8M | $8.5M |
| 自由现金流经营现金流 - 资本支出 | $8.5M | $8.5M |
| 自由现金流率自由现金流/营收 | 7.8% | 40.3% |
| 资本支出强度资本支出/营收 | 1.2% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 0.86× |
| 过去12个月自由现金流最近4个季度 | $21.9M | $44.7M |
8季度趋势，按日历期对齐
经营现金流LIVEWINA
| Q4 25 | $9.8M | $8.5M | ||
| Q3 25 | $6.8M | $12.3M | ||
| Q2 25 | $12.3M | $9.0M | ||
| Q1 25 | $231.0K | $15.1M | ||
| Q4 24 | $9.4M | $8.5M | ||
| Q3 24 | $6.7M | $12.1M | ||
| Q2 24 | $11.7M | $8.2M | ||
| Q1 24 | $-5.7M | $13.4M |
自由现金流LIVEWINA
| Q4 25 | $8.5M | $8.5M | ||
| Q3 25 | $4.8M | $12.2M | ||
| Q2 25 | $10.8M | $9.0M | ||
| Q1 25 | $-2.3M | $15.0M | ||
| Q4 24 | $7.6M | — | ||
| Q3 24 | $3.3M | $12.1M | ||
| Q2 24 | $10.1M | $8.1M | ||
| Q1 24 | $-7.5M | $13.3M |
自由现金流率LIVEWINA
| Q4 25 | 7.8% | 40.3% | ||
| Q3 25 | 4.2% | 53.8% | ||
| Q2 25 | 9.6% | 44.0% | ||
| Q1 25 | -2.1% | 68.6% | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 2.9% | 56.3% | ||
| Q2 24 | 8.2% | 40.4% | ||
| Q1 24 | -6.3% | 66.0% |
资本支出强度LIVEWINA
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 1.7% | 0.3% | ||
| Q2 25 | 1.3% | 0.3% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 1.6% | 0.0% | ||
| Q3 24 | 3.1% | 0.0% | ||
| Q2 24 | 1.3% | 0.5% | ||
| Q1 24 | 1.4% | 0.4% |
现金转化率LIVEWINA
| Q4 25 | — | 0.86× | ||
| Q3 25 | 6.78× | 1.10× | ||
| Q2 25 | 2.28× | 0.85× | ||
| Q1 25 | 0.01× | 1.51× | ||
| Q4 24 | 19.11× | 0.88× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 1.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LIVE
| Steel Manufacturing Segment | $31.9M | 29% |
| Flooring Manufacturing Segment | $28.9M | 27% |
| Retail Flooring Segment | $25.3M | 23% |
| Retail Entertainment Segment | $23.6M | 22% |
WINA
暂无分部数据
